ByNeil Winton,
Senior Contributor.
Echoes from the Porsche electric car debacle could be spooking Ferrari shareholders, as the Italian supercar maker prepares to launch its own EV.
Ferrari’s share price is wallowing at lows for the year, defying a firmly established tradition. The shares always rally after management’s ultra-conservative profit forecasts, but not this time, yet. Ferrari shares dived after October’s forecasts, but the recovery refuses to kick-in, raising the question for investors: what troubles lie ahead?
Investment banks remain bullish and unruffled by this, but the share price remains firmly in the dumps weeks after it should have started to rally.
